Fort Worth and Dallas rank No. 1 and No. 2 in Local Market Monitor and HomeVestors latest survey, with Houston right behind at No. 5.

Ingo Winzer, president and founder of Local Market Monitor, said in a release, “Job growth, particularly in lower paying jobs, population growth and relatively low home prices are factors making investments in single family homes as rental properties a nearly risk-free opportunity  in Fort Worth and Dallas as well as several other markets across the country.”

“We think the markets hold considerable opportunities for investors as long as they do not over pay for properties,” David Hicks, HomeVestors co-president,  told the North Dallas Gazette, noting that risk of investing in all markets across the country remains low. “Only seven of the top 100 markets continue to be ranked as ‘speculative.’”

Winzer said in a statement that many of the best markets for such investments are in Texas and Oklahoma due to “their low unemployment rates and ability to profit for years from new shale oil and gas developments.”

Here are the top 10 markets:

  1. Fort Worth
  2. Dallas
  3. Charlotte, N.C.
  4. Nashville
  5. Houston
  6. Atlanta
  7. Oklahoma City
  8. Orlando, Fla.
  9. Las Vegas
  10. Boise City, Idaho

Hicks noted that the strong markets have fueled unprecedented growth in home purchases by HomeVestors® franchisees. “We just passed the 55,000 mark in the overall number of homes we purchased company-wide,” he noted, “and we’re on track this year to considerably outpace our 2012 total of 2,500 homes purchased in a 12-month period.”

Read the full article here.

 

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